Nepal’s trade deficit soars to Rs 649.68 billion in first five months of current fiscal year
Summary
Nepal's trade deficit reached Rs 649.68 billion in the first five months of the current fiscal year, with imports rising by 15.83% and exports increasing by 58.17%.
Key Points
- Nepal's foreign trade deficit during the first five months of the current fiscal year reached Rs 649.68 billion.
- Total foreign trade volume was Rs 882.69 billion with imports at Rs 766.18 billion and exports at Rs 116.50 billion.
- Imports increased by 15.83 percent and exports rose by 58.17 percent compared to the same period last fiscal year.
- Nepal recorded a trade deficit of Rs 339.02 billion with India, with significant imports of petroleum products and soybean oil.
